Sep 14, 2011 4:30am PDT
upton of michigan and cliff stearns of florida issued a joint statement yesterday. it read, quote, with taxpayers potentially on the hook for this half billion-dollar bust, it's time to sound the alarm about the remaining $10 billion in loan guarantees set to expire september 30." a quick timeline. it was back in september of 2009 that solyndra secured the loan guarantee of about half a billion dollars from the department of energy. in march of last year, the company's auditor had substantial doubt about solyndra's ability to continue. so red flag there. two months later president obama visited solyndra and touted it as the model for clean tech business. then in november, the company announced it would be laying off some workers in manufacturing consolidation. this past february there was a restructuring deal. the department of energy extended the loan guarantee from 7 to 10 years and then of course last month the company suddenly announced its shutdown laying off 1100 workers and went bankrupt. so it all happened very quickly. the top two executives here at solyndra, the fco and
Sep 5, 2011 4:30am PDT
americans back to work and he will head to detroit michigan this morning where the unemployment rate is a staggering 14.1%. 5% above the national average. >> we need to put our differences aside. and do the right thing for our economy. >> reporter: the trip comes on the heels of the weakest job report in almost a year. and just as the election season kicks into full swing. >> we have zero confidence, zero faith in the president, and in new hampshire last night, former massachusetts governor mitt romney tried to convince a tea party crowd he can fix the economy. >> we had last month zero job creation. look, a shutout is okay in baseball. it is not good when you're talking about jobs. >> romney will unveil the jobs propose until nevada on tuesday but not the only one with a plan. president obama will unveil his on thursday while other g.o.p. hopefuls are working on their ideas. >> the principles that i adopt are permanent fixes, rather than temporary gimmicks like we've seen from the president. >> minnesota congress woman michele bachmann is proposing reducing the corporate tax rate to 20%.
Sep 20, 2011 4:30am PDT
a michigan in the michelle lay case. "don't ask, don't tell" is no longer the law of the land. >> don't ask, don't tell. the military opens its ranks to the openly gay. >> summer is almost over. >> it's another "spare the air." you are encouraged to ditch the road this morning for your commute. use mass transit instead. we'll show you how